Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1954
Sq.Footage
4,008
Exceptional High-Yield Multifamily Opportunity Less Than 20 Miles from Times Square. Located in a high-demand commuter corridor in Paterson, NJ, is this robust 6 residential-unit income property. Built for operational efficiency and low vacancy, this two-story building features an ideal, uniform asset mix of six spacious 2-bedroom, 1-bath units.Capital expenditure and risk are heavily mitigated by having three units which have already been recently renovated with modern finishes. Which will command top-of-the market rents and secure premium, long-term tenants. A shared driveway leads to approximately 5 private, off-street parking spaces a massive tenant draw that minimizes turnover in this dense urban market. Additionally, the property is equipped with an advanced 22-camera security system, delivering unparalleled remote operational oversight, liability protection, and enhanced tenant safety. Whether expanding a portfolio or executing a 1031 exchange, this asset delivers immediate cash flow, ease of management, and long-term equity growth in a resilient, transit-oriented market. Turnkey infrastructure with strong fundamentals schedule your acquisition tour today.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Heating YN
YES
-
Heating
Baseboard, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding, Wood Siding
-
Parking
Off Street, On Street
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.17
-
Property Type
Commercial Sale
-
Property Sub Type
Multi Family
Price
-
Sales Price
$1,275,000
-
Tax Amount
$22,636
-
Zoning
Multi-family
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
Ownership
Fee Simple
-
Sewer
Public Sewer
-
Tax Lot
*
-
Water Source
Public
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Location
County
Passaic
Elementary School
Middle School
High School
Listing Courtesy of None , COREY J SCHNEIDER
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